Business

Thu,23Nov2017

Business

Central bank must be independent, South African finance minister says

Malusi Gigaba at a news conference in Pretoria, South Africa, March 31, 2017. Photo: AP/SIPASouth African Finance Minister Malusi Gigaba on Friday accused the country's anti-corruption agency of overstepping the mark in suggesting changes to the way the central bank works, insisting that monetary policy should remain independent.

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Chinese factory accused of polluting Gambia's coastline

 A woman carries fresh fish, purchased from an incoming fishing boat, along a beach in West Africa. Photo: Rebecca Blackwell/AP/SIPAGambia's National Environmental Agency (NEA) has agreed to settle out of court with Chinese owned Golden Lead fishmeal factory, which it had taken to court for pollution and flouting proper waste management regulations.

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Tanzania laws would allow govt to tear up mining, energy deals

Tanzanian miner Bakari Ngalenya climbs out of a tanzanite mining pit in northern Tanzania on Dec. 15, 2001. Photo: GEORGE MWANGI/AP/SIPAThe Tanzanian government submitted three bills to parliament on Thursday that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed foreign investors.

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Tullow cuts debt, raises profit under new CEO but weak oil prices weigh

28062017GhanaAfrica-focused oil explorer Tullow Oil reduced debt in the first half of the year and reported a rise in gross profit under new CEO Paul McDade but a recent drop in oil prices means the company's bottom line remains under threat.

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South Africa in talks to roll over $695 mln of state airline debt

People queue at the SAA ticket counter desk at OR Tambo International airport in Johannesburg, South Africa, April 26, 2017. Photo: Themba Hadebe/AP/SIPASouth Africa's Treasury is in talks with banks to roll over 545.52 million pounds in debt due to be paid this month by struggling state airline South African Airways (SAA), a senior official said on Tuesday.

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Zimbabwe secures $478 million funding for agriculture: state newspaper

In this 2002 photo, a child searches for loose kernels among discarded maize at the Mbare informal market, Harare, Zimbabwe. Photo: THEMBA HADEBE/AP/SIPAZimbabwe's government has signed a $478 million agreement with an energy company and three banks to finance the 2017/18 summer farming season in a push to improve food security, a state-owned newspaper said on Monday.

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South Africa's Sibanye Gold aims to restart Cooke mine this week

 In this 2012 photo Daniel Mazibuko pours buckets of water during their illegal gold mining in Roodepoort, South Africa. Photo: Themba Hadebe/AP/SIPASouth African precious metals producer Sibanye Gold aims to resume production at its strike-hit Cooke Mine later this week, but first plans to conduct safety inspections in the shafts on Monday.

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